More ALBERTA Energy Investment LOST - At Least We Have An M.O.U.
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Summary
As I sit in one of the places that was blessed with so much energy, right here in Alberta, it s stunning. It s like the oil and gas was put in Alberta in a big giant swath all the way from north to south. Here s a map of it just to give you an idea of how lucky we are.
Transcript
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Hi, it's John and welcome to the channel Friday, March the 6th. I hope you're having a great start
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to your Friday, 2.52 a.m. Looking forward to the weekend, no doubt, as am I, with the big blue mug
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of coffee. Thank you very much. Getting very close to 50,000 subscribers on this channel. I can't
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believe it. And you'd really help me out if you would click on subscribe. I would love to get
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there. It would be quite an accomplishment. Thank you very much. So, I want to talk to you about
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energy today. As I sit in one of the places that was blessed with so much energy, right here in
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Alberta. It's stunning. It's like the oil and gas was put in Alberta in a big giant swath all the way
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from north to south. Here's a map of it, just to give you an idea of how lucky we are here. I want
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to talk to you about energy and I want to remind you about what Mark Carney said about Canada
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when it comes to energy. Today, I'm announcing a comprehensive new approach to make Canada the
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world's leading energy superpower. Building Canada into an energy superpower. Let me start with our
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position as an energy superpower. Let's look at Canada's position as an energy superpower.
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Mark Carney, the Prime Minister of Canada, wants us to be an energy superpower. He said it over and
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over again during the election campaign last year. I don't think he's said it much since he was elected
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on April the 28th. I'll have to go back and look. But he wants us to be an energy superpower. But we know
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what he really wants. He wants us to be a clean energy superpower because the man is Mr. Net Zero.
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If he wanted us to be an energy superpower, he'd get the government out of the way.
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But he won't do that. Here's the latest story, folks. This is brand new. Hot off the presses,
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folks. Canadian Natural defers oil sands mine expansion, citing regulatory uncertainty. No way.
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So let's read a little bit of this story. I'm going to keep it short. Canadian Natural Resources
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Limited is deferring an oil sands mine expansion as it waits for Ottawa to finalize environmental
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policies. The Calgary-based oil and gas giant had been planning to spend about $150 million this year
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on early engineering and designed to work for its $8.25 billion Jack Pine mine expansion north of Fort
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McMurray, Alberta. President Scott Stott said Thursday. But it's putting that spending on hold
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until it gets more clarity around carbon pricing and methane emissions rules, which the company says
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have created an economic burden for long-term growth investments. No kidding. For those of you who live
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outside of Alberta and don't know what actually happens in Alberta and really don't know what's
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going on in your country, I'll talk about that in just a moment. Here's Danielle Smith reminding you
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about how much investment has been lost because of government, liberal government. Well, I can tell
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you that we've had at least $175 billion worth of projects that have been cancelled because of the
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actions of the federal government. You look at pipelines in particular, we had $176 billion worth
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of proposed projects that got cancelled because of the uncertainty created by various government laws.
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This onslaught of anti-energy, anti-agriculture, and anti-resource development policies have scared
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away global investments to the tune of a half a trillion dollars. There are some people who would
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claim that what Danielle Smith is saying right there is economic suicide, but not Canada, folks.
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This is the modus operandi. But Mark Carney, of course, is saying we're going to become an energy
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superpower. You know, there used to be a time when we would find money under the ground and we would dig it
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up. But we don't do that anymore. Kind of stupid, isn't it? Remind me, Danielle, how much money has
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Alberta got under the ground? We literally live on top of more than a trillion barrels of oil and more
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than a quadrillion cubic feet of natural gas. These oil and gas resources represent an astounding tens
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of trillions of dollars in potential wealth for our country. Just think how much better Canada would be
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and my province of Alberta if we could get the trillions of dollars that are underground literally
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beneath my feet where I sit here in southeast Calgary. But no, we can't do that because the
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liberals keep getting away. The liberals and their voters, you know, the gray hairs, the geriatrics,
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the baby boomers who vote against their grandchildren and their grandchildren's future.
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Here's a story just from yesterday that has a liberal tie-in and not a good one, I might add.
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Germany needs to see it to believe it when it comes to Canada boosting gas exports, says Polyev,
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who is looking like a statesman, like a prime minister in waiting as he goes through Europe
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right now. And he's in Germany. The German government's posture is that they'll see it
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to believe it when it comes to Canada's promises to build the infrastructure necessary to boost natural
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gas exports to Europe, said Conservative leader Pierre Polyev. It was a bit ironic. I didn't have to do
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any sales job, he said. When can you have it here is the question you get from the Germans when pitched
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Canadian gas. But Polyev said he sensed uncertainty from the Germans when asked if they believe Canada
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can build additional facilities to export larger quantities of its natural gas faster. Why is that,
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would you think? Months after the war began, the war in Russia, Prime Minister Justin Trudeau said
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in the company of then German Chancellor Olaf Scholz that there has never been a strong business case
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for developing Canada's LNG industry. Did you hear about the trillions of dollars beneath my feet?
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Here's Polyev in Germany just yesterday. So what I'm proposing to you, our German friends today,
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are two things. First of all, a supply agreement for natural gas that will require our government
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rapidly approve liquefaction facilities and pipelines to supply you with a predictable,
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low-cost source of natural gas into the future. Polyev's plan isn't rocket science, folks. There's
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nothing complex about it. It's just get the damn government out of the way, but the liberals won't
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do it, which takes us back. We're going back to the beginning here, to the original story we had
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from City News on Canadian Natural and the regulatory uncertainty that's pausing an $8.25 billion
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expansion here in Alberta. But there's hope on the horizon, folks. There's hope out there.
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Alberta and Ottawa signed a Memorandum of Understanding late last year covering a host of
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energy matters. In it, the two governments said they aim to reach agreements around industrial
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carbon pricing and methane by April 1st. Lo and behold, it's the same date the carbon price used to
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go up every year. April Fool's Day. We have to be fools to believe anything's going to get done here.
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What's going to get done is industrial carbon tax is going to go up six times, and we're going to
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have to build a $10 billion plant in order to put carbon dioxide in the ground to achieve
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absolutely nothing, which leads us to stupidity like this. How does this make any sense, liberal
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voters? Look at it for a moment. Let it soak in.
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You know, Mark Carney stood up during the election campaign in front of podium after podium that said
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one of two things, either build Canada strong or building Canada strong, build Canada strong,
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building Canada strong, build Canada strong, building Canada strong, one after the other,
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speech after speech after speech after speech. I don't think he's built a damn thing.
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And three days from now, it's his first anniversary being prime minister.
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And you know what's really sad? This. Liberals reach 49% voter support and the party's biggest lead
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in 10 years, according to a Leger poll. The poll also showed 59% of respondents are satisfied
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with the performance of Prime Minister Mark Carney. And I ask, why?
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But when it comes to being an energy superpower, at least we've got a memorandum of understanding
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here in Alberta. If you like the video, give it a thumbs up, subscribe to the channel,
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ring the bell for notifications. I'll see you in the next one.